The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa with effect from 2nd December, 2022 for the purpose of the said section, relating to imported and export goods. […]
Cabinet approves enhancement in the corpus of Emergency Credit Line Guarantee Scheme for increasing the limit of admissible guarantees; Hospitality and related sectors to get a boost; Loans worth about Rs. 3.67 Lakh crore have been sanctioned under ECLGS […]
Indian Customs has seized a total of 7,10,000 nos. sticks of foreign origin cigarettes with brand ‘Djarum Black’ valuing at around Rs 1 crore here today.
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Net Direct Tax collections for the F.Y. 2022-23 continue to grow at a robust pace further fortifying the economic revival; Gross Tax collections for the Financial Year 2022-23 grew at about 40%
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The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds in tranches […]
Mr. Masato Kanda, Vice Minister of Finance for International Affairs, Japan, and Mr. Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance, held the first India-Japan Finance Dialogue here today.
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In view of the long-standing adverse claims experience of the schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), and in order to make them economically viable, the premium rates of the schemes have been revised by making it Rs 1.25 per day premium for both schemes that includes revising PMJJBY from Rs. 330 to Rs. 436 and PMSBY from Rs. 12 to Rs. 20.
The Government of India has released the entire amount of GST compensation payable to States up to 31st May 2022 by releasing an amount of Rs.86,912 crores. […]
The outstanding balance of ‘8.15% GS 2022’ is repayable at par on June 10, 2022. No interest will accrue thereon from the said date. […]
Gross GST collection in April 2022 is all-time high, Rs 25,000 crore more than the next highest collection of Rs. 1,42,095 crore, just last month […]
NHPC Limited, India’s premier hydropower company and a ‘Mini Ratna’ Category-I Enterprise of the Government of India has paid an interim dividend of Rs. 933.61 crore to the Government of India for the financial year 2021-22 on March 4th, 2022. […]
After disrupting the asset-backed lending space with its flagship, industry first doorstep gold
loan offering, Rupeek is well-poised to further revolutionise the category with its first-ever Goldpowered card for the masses; Aimed at harnessing the power of India $2 trillion worth of Gold assets, Rupeek introduces its
second offering under the tech-led gold monetisation (GoMon) product portfolio […]
Investor Education and Protection Fund Authority (IEPFA) signs MoU with Indira Gandhi National Open University (IGNOU) for promoting Investor Education and Financial literacy among youth through Gyan Darshan channel […]
The Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies with effect from 7th January, 2022 for the purpose of the said section, relating to imported and export goods. […]
Shri Piyush Goyal calls for a Single window portal for doing robust common KYC system for Stock Brokers, Mutual Fund and depositories etc; Shri Piyush Goyal calls for transparency and integrity in the stock markets to empower households and investment besides encourage investments. […]
PM addresses the conference on ‘Creating Synergies for Seamless Credit Flow and Economic Growth’ […]
International Financial Services Centres Authority (IFSCA) and GIFT City launched I-Sprint’21, the global FinTech Hackathon Series of IFSCA on 7th October 2021 at 11.30 AM IST. The first Sprint of the series “Sprint01: BankTech” is focussed on FinTechs for the Banking sector. […]
CBDT extends due dates for electronic filing of various Forms under the Income-tax Act, 1961 […]
The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, has approved the signing Memorandum of Understanding between Institute of Chartered Accountants of India (ICAI) and Institute of Professional Accountants of Russia (IPAR). […]
Prime Minister Shri Narendra Modi launched the digital payment solution e-RUPI, a person and purpose-specific digital payment solution, today via video conference. e-RUPI is a cashless and contactless instrument for digital payment. […]
Direct tax collection for the first quarter of the current fiscal has doubled. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. […]
Reserve Bank of India (RBI), the total amount of unclaimed deposits of Scheduled Commercial Banks (SCBs) was Rs. 24,356 crore, as of 31.12.2020. […]
The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016 on 14th July 2021. […]
IFSCA has issued a framework for Setting up and operating International Trade Finance Services Platform (‘ITFS’) for providing Trade Finance Services at International Financial Services Centres (‘IFSCs’). The framework will enable Exporters and Importers to avail various types of trade finance facilities at competitive terms […]
Existing FCRA Account Holders given more time till 30.06.2021 to open “FCRA Account” in designated New Delhi Branch of State Bank of India […]
Dedicated Helpdesk by CBIC for Handholding Trade, Industry and Individuals
to expedite Customs Clearance of Imports related to COVID including Oxygen and oxygen related equipments etc […]
National Cooperative Development Corporation (NCDC) Secures Euro 68.87 Million (Rs. 600 cr) Loan from Deustsche Bank; The Agreement will strengthen Indo-German Relations […]
To support SC/ST and Women Entrepreneurs, the Government of India has sanctioned more than Rs 25,586 crore to over 1,14,322 accounts by the Banks under Stand-Up India Scheme in 5 years […]
Details of Voluntary Scrappage Policy to be declared within 15 days; Scrappage Policy will lead to new investment of Rs. 10,000 crores, and create 50,000 jobs; Minister welcomes increased outlay for National Highways […]
Eminent Scientists thought leaders, academicians, and industry experts of Central India highlighted the need for indigenization of technology, focus on traditional medicine system like AYUSH, the role of states in reaching out on rural issues […]
BUDGET 2021-22; Capital outlay increased by nearly 19 percent giving defense modernization historic push; Raksha Mantri thanks Prime Minister & Finance Minister for increasing defense budget to 4.78 lakh crore […]
The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of the unprecedented COVID-19 crisis. […]
Presenting the first-ever digital Union Budget, Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman stated that India’s fight against COVID-19 continues into 2021 and that this moment in history […]
Grant of Rs.12,351 crore released for Rural Local Bodies; A total grant of Rs. 45,738 crore has been released to Rural Local bodies so far in 2020-21 […]
The International Financial Services Centres Authority (IFSCA) has become an Associate Member of the International Organization of Securities Commissions (IOSCO). […]
The Government of India and the World Bank today signed a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh […]
Cabinet approves the proposal of Securities & Exchange Board of India (SEBI) tosign Bilateral Memorandum of Understanding between India and Luxembourg […]
DEA with support of UN Better Than Cash Alliance today hosted a learning session “Accelerating Responsible Digital Payments: Unlocking the Role of Fintech in Last Mile Service Delivery” with leaders from States and Union Territories across India […]
The Asian Development Bank (ADB) and the Government of India here today signed a $50 million policy-based loan to improve financial management procedures and operational efficiencies aimed at achieving more fiscal savings […]
The Asian Development Bank (ADB) and the Government of India today signed a $132.8 million loan to strengthen and modernize the distribution network and improve the quality of power supplied to households, industries, and businesses […]
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today held a Video Conference with the Secretaries of the Ministries of Power, Mines, and Department of Atomic Energy and the CMDs of 10 CPSEs belonging to these Ministries, to review the capital expenditure (CAPEX) in this financial year. […]
The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the FDI proposal no. 4930 for acquisition of 12.32% of the equity share capital (on a fully diluted basis) of M/s ATC Telecom Infrastructure Private Limited by M/s ATC Asia Pacific PTE Limited […]
Over the years, the Ministry of Finance has been holding pre-budget consultations in North Block with Industry/Commerce Associations, Trade Bodies, and Experts to seek ideas for the Annual Budget. Owing to the pandemic situation, the Ministry has received suggestions from various quarters for holding pre-budget consultations in a different format. […]
The Competition Commission of India (CCI) approves transfer of 100% shareholding of Sinochem Group Company Limited (Sinochem) and China National Chemical Corporation Limited (ChemChina) to a new company wholly owned by China State-owned Assets Supervision and Administration (Central SASAC) […]
Finance Minister Smt. Nirmala Sitharaman participates in 102nd meeting of the World Bank Development Committee Plenary
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Finance Minister Smt. Nirmala Sitharaman attends the G20 Finance Ministers and Central Bank Governors Meeting through video conferencing
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India and ADB Sign $300 Million Loan to Develop Rajasthan’s Secondary Towns
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Under Pradhan Mantri Jan-Dhan Yojana (PMJDY), a free RuPay debit card is provided to the PMJDY account holders with inbuilt accident insurance cover of Rs. 1 lakh. This amount has been raised to 2 lakhs […]
The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020), notified on 21st August, 2020, shall come into force from 21st September, 2020 […]
Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, with effect from 18th September, 2020 relating to imported and export goods. […]
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